Potential Impact of COVID-19 on Personalized Medicine Market 2020-2027 with Top Key Vendors Pfizer, Novartis, Mylan, Merck

Personalized medicine is tailoring of a treatment to a specific patient i.e. designing medicine treatment on the basis of diagnosis, disease condition, patient history, body physics, and other factors related to patients and diseases.

Personalized medicine is also known as precision medicine, stratified medicine, or P4 medicine. In personalized medicine, diagnostic analysis is often conducted for selecting suitable and best treatments based on the patient's genetic content or other molecular or cellular analysis. Personalized medicine has best response and highest safety margin to ensure enhanced patient care by allowing every patient to attain earlier diagnosis, risk assessment, and best treatment. Additionally, personalized medicine offers opportunities to improve health care by lowering overall treatment costs.

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Profiling Key players:

- Abbott Laboratories
- Amgen, Inc.
- AstraZeneca
- Bayer AG
- Eli Lilly and Company
- GlaxoSmithKline plc.
- Merck & Co., Inc
- Mylan N.V.
- Novartis AG
- Pfizer, Inc.

The Personalized Medicine Market research report offers an in-depth analysis of the market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.

Segmentation by Solution:

Based on product the market is segmented as PM diagnostics, PM therapeutics, personalized medical care, and personalized nutrition & wellness. Further, on the basis of PM diagnostics the market is categorized as genetic testing, DTC diagnostics, esoteric lab services and esoteric lab tests.

Further, on the basis of PM therapeutics the market is categorized as pharmaceutical, genomic medicine and medical devices. Further, on the basis of personalized medical care the market is categorized as telemedicine, heath information technology and diseases management. Further, on the basis of personalized nutrition & wellness the market is categorized as retail nutrition, complementary medicine and alternative medicine.

The personalized medicine market is anticipated to grow due to availability of a wide range of nutrition & wellness products and increased Over the Counter (OTC) sale of these products. However, high competition among existing market players, and lack of awareness among the rural population in developing economies are restraining the market growth. Moreover, rise in the prevalence of various types of cancer, affordability of personalized medicine therapy in cancer drugs and various other disease indications is expected to benefit the growth of the market in the forecast period.

The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

Reasons to Buy:

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Personalized Medicine Market.

2. Highlights key business priorities in order to assist companies to realign their business strategies.

3. The key findings and recommendations highlight crucial progressive industry trends in the Personalized Medicine Market, thereby allowing players to develop effective long term strategies.

4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

5. Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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Fundamentals of Table of Content:

1. Introduction
1.1. Scope Of The Study
1.2. The Insight Partners Research Report Guidance
1.3. Market Segmentation
1.3.1 Personalized Medicines Market - By Product
1.3.2 Personalized Medicines Market - By Region
1.3.2.1 By Country
2. Key Takeaways
3. Research Methodology
4. Personalized Medicines Market Landscape
4.1. Overview
4.2. Pest Analysis
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-pacific - Pest Analysis
4.2.4 Middle East And Africa - Pest Analysis
4.2.5 South And Central America - Pest Analysis
4.3. Expert Opinions

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This release was published on openPR.